Published: Sat, May 20, 2017
World | By Paul Elliott

Investors Catching Stocks Staples, Inc. (SPLS)


4850961 shares were traded on Staples, Inc.'s last session. (NASDAQ:SPLS) by 6.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).

While taking an overview of recommendation trends, the stock now has an average brokerage recommendation of 2.56. PGGM Investments owned approximately 0.56% of Staples worth $32,135,000 at the end of the most recent reporting period. Zacks Investment Research raised shares of Staples from a "hold" rating to a "buy" rating and set a $10.00 price objective for the company in a report on Thursday, January 19th. APG Asset Management N.V. now owns 4,505,706 shares of the specialty retailer's stock valued at $38,524,000 after buying an additional 1,510,800 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Staples by 0.4% in the fourth quarter. Schroder Investment Management Group now owns 33,605,835 shares of the specialty retailer's stock valued at $293,715,000 after buying an additional 2,985,904 shares in the last quarter. Financial Advisors Network Inc. raised its position in Staples by 5.3% in the first quarter. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.17. Guggenheim Capital Ltd Liability Corp holds 0.11% of its portfolio in Staples, Inc.

Hl Financial Services Llc decreased its stake in Staples Inc (SPLS) by 18.4% based on its latest 2016Q4 regulatory filing with the SEC. Finally, Minneapolis Portfolio Management Group LLC raised its stake in Staples by 3.2% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,293 shares of the specialty retailer's stock valued at $338,000 after buying an additional 145 shares during the last quarter. Most recently on 4/5/17 the stock of Staples, Inc. (NASDAQ:SPLS) has "Neutral" rating given on Wednesday, May 11 by UBS. The stock has been recently separated from the 50-day moving average by -5.41%. Staples, Inc.is now trading -8.05% below its 20-day and 0.89% versus the 200-day simple moving averages while -3.98% compared with its 50-day simple moving average. Staples has a 52 week low of $7.24 and a 52 week high of $10.25.

Staples, Inc. (NASDAQ:SPLS) performance over the past one year soared 12.82% whereas its year to date (YTD) performance indicated a bearish trend of -0.83%. The specialty retailer reported $0.17 EPS for the quarter, hitting the Zacks' consensus estimate of $0.17. Staples had a positive return on equity of 11.46% and a negative net margin of 2.25%.

Staples, Inc. (SPLS) has a market capitalization of 5.71 Billion which suggests the company is a huge company further suggesting that the shares of Staples, Inc. During the same period in the prior year, the firm earned $0.17 earnings per share. The business's revenue was down 4.9% compared to the same quarter previous year.

COPYRIGHT VIOLATION WARNING: "Research Analysts Set Expectations for Staples, Inc.'s FY2018 Earnings (SPLS)" was posted by Sports Perspectives and is the property of of Sports Perspectives. "(SPLS)" was originally posted by BBNS and is owned by of BBNS. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of USA & global copyright law. (NASDAQ:SPLS) news were published by: Seekingalpha.com which released: "Staples Is Focused On Its 2020 Business Strategy" on May 17, 2017, also Finance.Yahoo.com with their article: "Staples (SPLS) Q1 Earnings Meet, Sales Miss, Guides Q2" published on May 16, 2017, Nasdaq.com published: "Earnings Reaction History: Staples, Inc., 55.6% Follow-Through Indicator, 4.3 ..." on May 16, 2017. Loop Capital reaffirmed a "hold" rating and set a $10.00 price objective on shares of Staples in a report on Thursday, April 6th.

In case of Revenue Estimates, 3920000 analysts have provided their consensus Average Revenue Estimates for Staples, Inc.as 10000.

Staples Company Profile Staples, Inc (Staples) is a provider of products and services that serve the needs of business customers and consumers.

Overall, Office Depot's overall sales, North American Retail, and North American Business Solutions all saw their sales decline on a year-over-year basis.

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